1. 365 POINTS
    Michael Chrobak
    Insurance Agent, Farmers Insurance, San Francisco Bay Area
    By far one of the most cost effective coverage options available is Renters Insurance.  A policy for Renters Insurance not only covers the personal property of the insured for loss, damage or theft anywhere in the world, but also provides a level of Personal Liability insurance to protect the insured should they be sued for causing damage or injury to another person or their property - again, anywhere in the world this may have occurred.  Typically, these policies provide for $100,000 in Personal Liability coverage, and can be increased for those who may want more coverage as well.
    Why would you want Personal Liability insurance?  I can tell you a hundred stories of renters who didn't have this coverage and were sued for something that happened, completely out of their control, and had to have their wages garnished to pay off the law suit.
    Answered on April 14, 2014
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